IEM Remains Unchanged

The race between John McCain and Barack Obama, for all the talk of a post-convention Republican surge and Democratic jitters, remains pretty much where it was a month ago and mirrors the presidential contest four years ago. "At the granddaddy of political futures markets, the University of Iowa's Iowa Electronic Markets, odds of the Democratic candidate winning the popular vote are at 54 percent. The Iowa market tends to be less volatile, said THOMAS RIETZ, a research fellow in the Department of Finance at the university's business school."

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